Investing is a critical part of financial planning for many individuals. From stocks and bonds to real estate, there are many different ways to invest your money. However, there is another type of investment that is gaining popularity: colored gemstones. According to Jeremy Millul, a prominent expert in the gemstone industry, investing in colored gemstones is a smart move for several reasons.
History and Rarity
“Colored gemstones have been prized by royalty, worn by celebrities, and used in religious and cultural ceremonies for thousands of years. They have a long and fascinating history that makes them stand the test of time and will continue to be in demand in the future,” says Millul. This long history means that colored gemstones have proven to be a good investment in the past, and the trend is likely to continue.
One of the main reasons why colored gemstones are a good investment is that they are a finite resource. The supply of colored gemstones is limited, and as demand increases, so does their value. This means that investing in colored gemstones can be a good hedge against inflation and economic uncertainty.
“Colored gemstones are rare and precious resources that are not easily found,” says Millul. “Most of them are found in remote and hard to reach locations, which makes the process of mining and bringing them to the market even more challenging. This rarity factor is what makes colored gemstones a great investment, as they have a limited supply and can only become rarer over time.”
The rarity of colored gemstones is not just a factor of their natural occurrence, but also of the production process. Mining, cutting, and polishing a colored gemstone is a difficult and time-consuming process that requires the skill and experience of experts. This makes the production of colored gemstones an expensive process, adding to their value.
Beauty and Appeal
Another reason why colored gemstones are a good investment is their aesthetic appeal. Colored gemstones come in a range of hues, from deep blues and greens to vivid reds and oranges. Their unique colors and patterns make them highly sought after by collectors and connoisseurs. As a result, their value is not only determined by their rarity but also by their beauty.
“Colored gemstones are truly a feast for the eyes,” says Millul. “Their beauty is what sets them apart from other investments. Each stone is unique and has its personality, which is why they are so highly prized by collectors and connoisseurs. Investing in colored gemstones is like owning a piece of art, but with the added benefit that you can wear it as jewelry.”
Durability and Value Retention
The durability of colored gemstones is another factor that makes them a good investment. Unlike other types of investments that may depreciate or become obsolete over time, colored gemstones can last for generations and retain their value.
“Colored gemstones are not just investments, they are also heirlooms,” says Millul. “They can be passed down from generation to generation and hold their value over time. They are not like cars or electronics that lose value quickly. In fact, some colored gemstones have appreciated in value over the years, making them a wise investment for those who want to leave a lasting legacy for their family.”
Colored gemstones also have a higher value retention rate compared to other types of assets. In times of economic uncertainty or financial crises, the value of stocks and other investments can plummet. However, the value of colored gemstones remains stable, making them a reliable investment
Tangibility and Enjoyment
Investing in colored gemstones is also a tangible and enjoyable experience. Unlike stocks or bonds, which exist only as pieces of paper or digital entries, colored gemstones can be held, admired, and enjoyed on a daily basis.
“Colored gemstones are like a piece of history that you can hold in your hand,” says Millul.
“They are tangible assets that can be enjoyed not just for their value, but also for their beauty. When you invest in a colored gemstone, you are investing in something that is not only valuable but also enjoyable.”
In conclusion, Jeremy Millul believes that investing in colored gemstones is a smart move for those looking to diversify their investment portfolios. With their long history, rarity, beauty, durability, and tangible appeal, colored gemstones offer a unique investment opportunity that should not be overlooked.
More About Jeremy Millul
Yeshiva University alum, Jeremy Millul graduated from the university’s Sy Syms School of Business in 2008. He received a B.S. in finance and minored in real estate. Mr. Millul was the administrative assistant for Jewish Studies during his time as a student, and he served as a research assistant at Smith Barney from December 2007 through March 2008. Mr. Millul is the owner and president of a multi-million-dollar jewelry business, Jeremy Millul Inc.